Portland definitely has some "strict" landlord- tenant laws, but I am a huge fan of the Portland Metro area for investment real estate regardless of the laws that we have here.

Before we are able to move forward with rental, we need some handyman work done, (paint, ceiling fans, minor work) .

@Jeremy NaultThere was a post about giving gifts to tenants on the FB group- “fans of bigger pockets”.

It was listed at $315k DOM 60 ARV $340kFlooring labor $4600 Remodel existing bathrooms labor $7600  Plumbing new bathrooms labor $2600Laminate $ .99 sq ft  $2300 materialTile $.99 sq ft $100010 Windows $20008 ceiling fans $500 4 toilets $500dry wall and paint

However, I'm not a huge fan of that because in my market 3 beds are in higher demand than 2 beds, its just a fact.  2 beds do make great rentals though...so it does take a little bit of art and knowing your market to do this.   

I'm a huge fan of the Rookie pod.

When adding a bathroom you need water piping, drain and sewer pipes, drain vents through the roof, a window, electrical work including a ceiling fan with a humidistat, drywall, painting, plumbing fixtures permits, and the rest of the list is too much to write.The big question is; can you get a better return by using the money toward purchasing another property, or blow the money on a bathroom that give you a smaller overall return and miss out on the opportunity to be making tons of money from appreciation from two properties.Personally, I never ever wanted to purchase a property and try to add value to the property by adding more living space or a bathroom and I don't think the amount the property appreciates with the addition of a bathroom will make a significant difference where a bank loans you a higher amount against the property.

Not only do you lose a full month of rent, but that's going to be turnover time where the property manager gets to go into the unit and do their 'repairs' and charge the service and call fees.I'm not a fan of gradually raising the rent either, since it doesn't seem like the property can support that strategy.Anyway, I hope the deal goes well.Jim

I'm a Northwestern and LSU fan.

Fully furnished, new paint, fixtures, blinds, flooring, doors, ceiling fans, new AC unit and Furnace, irrigation, landscaping, garage door, water heater, toilets, updated cabinets, built in pantry.